Shareholders back Omnia’s R2bn rights offer

By Aidan Gregory
13 Aug 2019

Omnia Holdings, the South African chemicals company, has fixed the terms for its R2bn ($136m) rights issue to reduce debt, after securing underwriting from its top shareholders.

The offer price has been set at R20, a 62.3% discount to the last price of Omnia on the Johannesburg Stock Exchange on Thursday May 30, the day that the rights offer was initially announced. Omnia will issue 100m shares, a 59% capital increase.

In a regulatory filing ...

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